Dell acquires EMC in new $74 billion market deal
In an industry landmark acquisition, Dell Technologies, on Wednesday, completed the acquisition of EMC Corporation, creating a unique family of businesses that provides the essential infrastructure for organisations to build their digital future, transform IT and protect their most important asset, information.
This combination creates a $74 billion market leader with an expansive technology portfolio that solves complex problems for customers in the industry’s fast-growing areas of hybrid cloud, software-defined data centre, converged infrastructure, platform-as-a-service, data analytics, mobility and cyber security.
Dell Technologies serves 98 per cent of the Fortune 500 and comprises several market leading businesses. The two largest, and most well-known, are the Dell client solutions business and the Dell EMC infrastructure solutions business – both of which are supported by Dell EMC Services.
In addition, Dell Technologies contains Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware. This unique structure combines the focus and innovation of a start-up with the global scale and service of a large enterprise. Dell Technologies’ scale will enable it to deliver more innovation and investment in research and development, sales and marketing, services and support and deliver more efficient and cost-effective solutions for customers. Furthermore, while the company will publically report its financial results, it is privately controlled, enabling it to better focus investments on its customer and partner ecosystem over the long term.
Chairman and Chief Executive Officer of Dell Technologies, Michael Dell, said they are at the dawn of the next industrial revolution.
“Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of Things, paving the way for our customers to do incredible things. This is why we created Dell Technologies. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey.”
Dell Technologies blends Dell’s go-to-market strength with small business and mid-market customers and EMC’s strength with large enterprises and stands as a market leader in many of the most important and high-growth areas of the $2 trillion information technology market, including positions as a “Leader” in 20 Gartner Magic Quadrants and a portfolio of more than 20,000 patents and applications
Commenting on the deal, Chairman and CEO, JPMorgan Chase, Jamie Dimon, noted that financial services is one of the first-movers in embracing technology to better serve the customers, and the next wave of digitalisation continues a trend that’s been occurring my whole lifetime.
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